The market reacted to Monday¡¦s news that U.S. companies Intel Corp. and Micron Technology Inc. are teaming up to try and take a significant share of the NAND flash memory market. The addition of two heavyweight players to the NAND flash market is driving some share market makers to believe that Samsung, Toshiba and Hynix will lose market share and that oversupply and a price collapse are a possible consequence of a dog fight in the market.

Shares in Samsung Electronics Co. Ltd. fell by 5 percent wiping $4.4 billion of the value of the company, according to a Reuters report. Shares in Japan¡¦s Toshiba Corp. fell 8.8 percent destroying $1.6 billion in market valuation and shares in Hynix Semiconductor Inc. fell 8.3 percent, the same report said.

As of the third quarter of 2005 Samsung has about 50.2 percent, Toshiba 22.8 percent and Hynix 13.2 percent.

By: DocMemory
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